Are Mental Biases Derailing Your Corporate Strategy?
The presidential debate has spent a lot of airtime on something we businesspeople already know: corporations are people. Whatever the corporation's rights and responsibilities, success and failure comes down to the people that make up the business. And corporate strategy most often fails due to our inherent mental biases.
In a classic McKinsey report, Hidden Flaws in Strategy, Charles Roxburgh outlines the 8 human biases that drive good executives to create flawed strategies: